Adyen reported a big miss on first-half sales Thursday. The news drove a $20 billion rout in the company’s market capitalization . Pavlo Gonchar | Sopa Images | Lightrocket | Getty Images Shares of European online payments giant Adyen jumped on Thursday, after the company reported strong sales growth and better-than-expected profit for 2023. Adyen, … Read more
Venture capitalists and founders are hoping — praying? — for exits to pick back up in 2024. A recent TechCrunch+ survey found that there is consensus among VCs that exits will start to rebound this year, but the when and the how are still a bit fuzzy. The consensus, though, is that fintech Stripe will go public … Read more
Welcome back to The Interchange, where we take a look at the hottest fintech news of the previous week. If you want to receive The Interchange directly in your inbox every Sunday, head here to sign up! After a bit of a quiet period, things in the world of fintech picked up in a big way this … Read more
The Adyen emblem displayed on a smartphone. Rafael Henrique | SOPA Photographs | LightRocket through Getty Photographs Dutch funds large Adyen on Thursday stated it received approval for a banking license within the U.Ok., marking a deeper push from the corporate into the banking sector. The corporate stated its new license would permit its retailers … Read more